Marefair, Northampton

This freehold property offers a promising investment opportunity in the bustling centre of Northampton. With its strategic location and inherent versatility, it presents a unique chance for both commercial and residential development. The ground floor features a spacious retail unit complemented by two toilets at the rear, providing a functional layout for business operations. Above, the upper floors present significant renovation potential, with enough space to transform them into a two-bedroom duplex apartment, pending necessary planning approvals. Initial renovation efforts have already begun, supplying new owners with a solid foundation for further development. Positioned in a vibrant town centre, this property is well-suited for developers or investors looking to create an attractive mixed-use building. The surrounding area boasts strong foot traffic and amenities, enhancing its appeal for prospective tenants and buyers alike. Once fully renovated and rented out, there is the potential to generate an estimated annual income of £35,000 to £40,000. This property stands as an excellent opportunity to capitalize on the growing demand for residential and commercial spaces in one of Northampton's most sought-after locations. Early exploration of its potential is advisable to fully appreciate the value it offers.